I have the ability to put 25% down or more to increase cash flow.

Those situations go bad more often than not, costing you money and the friendship.

In the City of Austin, we saw a 6.5% increase to $575,000*Total sales increased 2.5% in the metro.

If you were able to increase the value of the property significantly after the rehab, then you could bring the deal to a community bank  to refinance and take the hard money lender out.You keep all the equity and don’t have to file a partnership return for your annual tax return, which can be costly.  

@Chungying ChuIf you want more liability coverage, ask your insurance company if you can increase it.

Is saving the fee a PM charges worth the potential thousands in cost and headaches?

I love the flexibility they offer for traveling professionals, military families, or folks in between moves.My main questions:Have you noticed increased demand for midterm rentals in this area, particularly from military personnel at nearby bases or healthcare workers at local hospitals?

I also suspect inflation will drive continued migration to lower cost of living / lower tax states.  

Quote from @Paul Lucenti: Creative methods tend to increase risk.

Especially for the cost.